April 28th, 2017

Business

Wealthsimple targeting older U.S. demographic due to student loan debt, says CEO

By David Hodges, The Canadian Press on April 28th, 2017

TORONTO – Three months after expanding its millennial-targeted robo-adviser service to the United States, Wealthsimple is now seeking to capture an older demographic south of the border due to the burden of student loan debt there. CEO Michael Katchen said while he’s pleased with Wealthsimple’s early success in the U.S, he doesn’t expect to see ... Read More »

Be the first to comment!

Trump seeks to expand drilling in Arctic, Atlantic oceans

By Matthew Daly And Jill Colvin, The Associated Press on April 28th, 2017

WASHINGTON – Working to dismantle his predecessor’s environmental legacy, President Donald Trump plans to sign an executive order Friday that could lead to the expansion of drilling in the Arctic and Atlantic oceans. With one day left to rack up accomplishments before he reaches his 100th day in office, Trump will order his interior secretary ... Read More »

Be the first to comment!

White House wants to push tax overhaul without Democrats

By Josh Boak, The Associated Press on April 27th, 2017

WASHINGTON – A senior administration official said Thursday the White House plans to push its tax overhaul without any support from congressional Democrats. It’s a sign of the intense partisanship over President Donald Trump’s outlines for cutting tax rates in hopes of stimulating faster economic growth, increasing business activity and helping the middle class. The ... Read More »

Be the first to comment!

Trump to sign order aimed at expanding offshore drilling

By Matthew Daly And Jill Colvin, The Associated Press on April 27th, 2017

WASHINGTON – Working to dismantle his predecessor’s environmental legacy, President Donald Trump plans to sign an executive order Friday that could lead to the expansion of drilling in the Arctic and Atlantic oceans. With one day left to rack up accomplishments before he reaches his 100th day in office, Trump will order his interior secretary ... Read More »

Be the first to comment!

Amid reports of US NAFTA pullout, Mexico leaned on diplomacy

By Peter Orsi, The Associated Press on April 27th, 2017

MEXICO CITY – Like the rest of the world, Mexico only learned through media reports that the Trump administration was considering a draft executive order to withdraw the United States from the North American Free Trade Agreement. Mexico’s top diplomat said Thursday that President Enrique Pena Nieto’s government immediately launched a diplomatic full-court press. That ... Read More »

Be the first to comment!

Bombardier rejects Boeing claim CSeries was dumped into the U.S. at below cost

By The Canadian Press on April 27th, 2017

MONTREAL – Bombardier is rejecting Boeing’s claim in a complaint filed with the U.S. government that it has dumped its new CSeries commercial jet into the United States at below cost. In a statement, the Montreal-based aircraft manufacturer says it structures its commercial dealings to ensure compliance with the laws and regulations of the countries ... Read More »

Be the first to comment!

Industry group raises oil and gas drilling forecast again on price stability

By The Canadian Press on April 27th, 2017

CALGARY – An oil and gas industry group is once again raising its drilling forecast for the year after seeing higher than expected activity. The Petroleum Services Association of Canada now expects 6,680 wells to be drilled across Canada in 2017, up about 60 per cent from what it had forecast in November. Association president ... Read More »

Be the first to comment!

Toronto stock index drops sharply, U.S. benchmarks make small gains

By The Canadian Press on April 27th, 2017

TORONTO – A broad range of Canadian stocks, including energy producers and major financial services companies, dragged down the Toronto Stock Exchange’s main index today. The S&P/TSX composite index fell 143.07 points to 15,506.47. In New York, the Dow Jones industrial average gained 6.24 points to 20,981.33, the S&P 500 index inched forward 1.32 points ... Read More »

Be the first to comment!

Ontario balances budget, but debt rises to $312 billion

By Allison Jones, The Canadian Press on April 27th, 2017

TORONTO – Ontario’s Liberal government has finally eliminated its deficit, but its debt is rising to new heights. The province’s first balanced budget in a decade gets rid of a deficit that had at one point reached about $20 billion, and the government is projecting that balance will continue through to 2020. The debt, however, ... Read More »

Be the first to comment!

Five things to know about the Ontario budget delivered Thursday

By The Canadian Press on April 27th, 2017

TORONTO – Ontario’s Liberal government delivered its first balanced budget in a decade on Thursday. Here are five things you need to know about the financial plan: POLITICAL CONTEXT: The $141-billion budget – which includes measures aimed at youth, seniors, parents, homeowners and anyone who uses the health-care system – comes as the provincial Liberals ... Read More »

Be the first to comment!